Effects of price controls for a price ceiling set

The consequences of price controls would be least discernible for a price ceiling set: (1) above the price equilibrium. (2) below the price equilibrium. (3) in a region of diminishing returns. (4) unfavorable to market companies. (5) equal to the black market rate.

Hello guys I want your advice. Please recommend some views for above economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Demand in Dynamics The raise in the

The raise in the supply of potatoes is probable to decrease the: (i) Supply of potato harvesters. (ii) Demand for pasta and rice. (iii) Price of Big Macs. (iv) Quantity of ketchup people put on hot-dogs. (e) Budgets of most house-holds.

Q : Goal of a cartel The objective of a

The objective of a cartel is to: (w) permit every member firm to maximize profit. (x) foster competition among sellers. (y) enhance efficiency and lower prices to consumers by eliminating several wasteful forms of competition. (z) maximize the joint p

Q : Problem on price level-real domestic

Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equili

Q : Demand curves of monopolistic

Monopolistic competitive firms face: (w) perfectly elastic demand curves. (x) perfectly inelastic demand curves. (y) downward sloping demand curves. (z) the industry demand curves. Hello guys I want your advice. Pl

Q : Marginal social benefit and costs under

Under pure competition, there is marginal social benefit will equivalent marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits are zero. (y) there are externalities. (z) entrepreneurs a

Q : Match price cuts but avoid price hikes

A firm’s perception which competitors will match price cuts but avoid price hikes yields: (w) price leadership behavior. (x) limit pricing structures. (y) kinked demand curves. (z) monopolistic competition. Can anybody sugges

Q : Cost conditions and market demand curve

The fact that a firm along with market power adjusts output depending upon both cost conditions and the features of the market demand curve means that: (w) the amount which a monopolist produces tends to be more volatile than the outp

Q : Price cross elasticity of demand among

A 2 percent price cut for doodads causes gizmo sales to fall by 3 percent. The price cross elasticity of demand among these goods is approximately _____ and such goods are _____. (w) 2/3, substitutes. (x) 1.5, substitutes. (y) 2/3, complements.

Q : Managerial economics and good business

please find the attached file (project) and qoute for it. minimus 7 pages required.

Q : Analytic time in market structure In

In this figure the firm probably to go out of business the soonest would be as: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. 298_Market Str</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1448438 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961533
Asked

3,689

Active Tutors

1448438

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment